creative financing formulas: Question - Cash Back at Settlement for Buyers
- 08/19/07 04:21 AM
Question: Cash Back at Closing My buyer wants cash back at closing to renovate the property, which is fine by me because he's willing to pay me the difference in my tax liability. My question is how do I correctly and LEGALLY write it up into the purchase agreement so that I'm not committing fraud? Thanks. How much does he want and how much are you willing to give back? There are several ways to satisfy your buyer: •1. Give the buyer a check that will be due at a future date after the formal settlement. This could be consideration for completing needed work or … (9 comments)
creative financing formulas: Creative Financing Formulas
- 03/17/07 05:26 AM
Creative Financing - The Real Thing I guess "Creative Financing" has changed since I studied it over 30 years ago. I remember when interest was up to 20%. We had to learn how to structure creative offers in order to put transactions together. Back than, sellers were motivated to listen and accept real creative financing in order to get their properties sold and out from under their problem real estate.What is CREATIVE FINANCING? It may have many definitions, but the one I like the best is; "Agreement between Buyer and Seller to satisfy their needs related to control and acquisition of real … (0 comments)
Question: Cash Back at Closing;)
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